Plum Creek acquired an interest in about 144 million tons of production at four quarries in the Greenville and Spartanburg markets, according to a news release.

“Nothing changes from the standpoint of how the quarries will be operated,” a Vulcan spokesman said today.

Vulcan received $75 million in exchange for an estimated 10.5% royalty interest from the production and sale of the crushed stone produced at the quarries for approximately 25 years.

“This is an attractive, cash-accretive investment in a familiar natural resource asset for Plum Creek,” said Rick Holley, president and CEO of Plum Creek, in a news release. “The investment adds to our existing construction materials royalty streams, and the quarries will continue to be owned and operated by Vulcan, a leader in the industry. We are optimistic that the favorable growth prospects for aggregate demand in these markets will enhance future earnings potential.”

Vulcan operates 11 quarries in South Carolina, including a facility in the Olympia section of Columbia.